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Innolight Prices $6.8 Billion Hong Kong Listing Below Maximum

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Innolight Prices $6.8 Billion Hong Kong Listing Below Maximum Zhongji Innolight Co. raised HK$53.4 billion ($6.8 billion) after pricing its Hong Kong listing below the maximum offered in one of the city’s biggest first-time share sale in seven years. The Chinese maker of optical transceivers essential to data-center buildout priced 54.5 million shares at HK$980 apiece, according to a stock exchange filing Tuesday, which confirmed an earlier Bloomberg News report.

Innolight Prices $6.8 Billion Hong Kong Listing Below Maximum Zhongji Innolight Co. raised HK$53.4 billion ($6.8 billion) after pricing its Hong Kong listing below the maximum offered in one of the city’s biggest first-time share sale in seven years. The Chinese maker of optical transceivers essential to data-center buildout priced 54.5 million shares at HK$980 apiece, according to a stock exchange filing Tuesday, which confirmed an earlier Bloomberg News report.
Hong Kong (LOCATION) Chinese (ORG) HK$980 (ORG) Bloomberg News (ORG)
Originally published by Bloomberg Markets Read original →